Will this Altcoin trend line hold?
Bitcoin dominance stands at 55% atm, and has been rising.
Hopefully this altcoin trend line can remain intact while Bitcoin does its thing.
Dropping below 68.. ish is a problem...clearing 815...ish can possibly clear the way to 90.. or so.
Hopefully this altcoin trend line can remain intact while Bitcoin does its thing.
Dropping below 68.. ish is a problem...clearing 815...ish can possibly clear the way to 90.. or so.
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60 min chart.
Obviously a bullish outcome is not guaranteed, but two bullish possibilities are sketched in... The blue line is a continuation up the trend-line. The red line is a transition to the trendline fractal followed by a breakup past the 81.5... resistance toward 90.
Obviously a bullish outcome is not guaranteed, but two bullish possibilities are sketched in... The blue line is a continuation up the trend-line. The red line is a transition to the trendline fractal followed by a breakup past the 81.5... resistance toward 90.
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You can zoom in on the main chart to see current status. Here is the 30 min chart currently. Since Bitcoin hasn't dropped more as of yet, there is altcoin buying volume holding this trend for now.
*I would include an updated chart here...but I'm new to Tradingview so I'm still figuring out how the charting and publishing works.